Sixty ULIPs filed with IRDA for approval

More than 60 new unit linked insurance policies (ULIP) have been filed for approval with the insurance regulator during the past two days by the Indian life insurers.
The Insurance Regulatory and Development Authority (IRDA) had come out with policyholder-friendly regulations sometime back capping various charges levied by the life insurers.

The IRDA had said that life insurers have to design and file new products confirming to the new ULIP regulations so as to sell them from Sept 1 onwards.